Our portfolio also was based on BRRR and we were self managing and thoroughly enjoyed once we finished the property only to have our new tenants put baby potatoes down the drain or block the toilet or break the washing machine only to spend a Saturday or Sunday trying to get someone to fix it.

I'm using Deal Machine.

Or my kids get bored and pluck all your fruit and veggies off the vine before they're ripe.There's probably a million other scenarios like this that I haven't thought of.

As a business owner your #1 goals is to just make more money, unless you have some monstrat about saving the world and losing money, then your better off starting a non-profit.Businesses are machines designed to generate money, not to give you a job.

It's all about building a machine that runs by itself and then building more machines!

Interesting, so you would suggest he enter into a handshake deal to share with someone the fruits of his labor?

In other words, I make them Turnkey for myself.It seems that the business model for a Turnkey Company would be what I do as a Real Estate Investor, except that the PM would be retained for a new Owner after it is sold.Sort of like a Flip but with retained PM.I was thinking that if I were to do that, I would only sell Properties that are subpar to my buy and hold criteria.In other words, if I find a property which will not meet my Cash Flow, Appreciation AND ease of Management, then I would just flip it and offer management as a turnkey property.I can see that a great Turnkey Business Model would be creating a portfolio of great properties, but because I have the Acquisition, Renovate and Property Management machine well oiled, HEY!

There are definitely deals to be had here that will cashflow but it is a skill game to find properties as there isn't much low hanging fruit left. 

Try bandit signs, call FSBOs, rental sign numbers, rental ads in craigslist and start figuring out what markets you want to direct mail to..spend some time with this so you arent wasting your money direct mailing to markets that won't bear much fruit.  

I hope your career is fruitful, exciting and fun.